https://assignmentspool.com/wp-content/uploads/2021/01/logo-300x60.png 0 0 Davie https://assignmentspool.com/wp-content/uploads/2021/01/logo-300x60.png Davie2019-06-29 00:23:442019-06-29 00:23:44compound interest on the unpaid balance
compound interest on the unpaid balance
I purchased a new house for $70,000. I paid $10,000 upfront and agreed to pay the loan over the next 25 years in 25 equal end of the year payments plus 14 percent compound interest on the unpaid balance. What will these equal payments be?